The Latest

  • Background of american one dollar bills
    Image attribution tooltip
    OlyaSolodenko/iStock via Getty Images
    Image attribution tooltip

    Stubborn inflation to keep rates ‘higher for longer’: Fannie Mae

    Economists have marked down their estimates for the number of quarter-point cuts to the federal funds rate from as many as six to one or two.

  • Communication network concept. GUI (Graphical User Interface).
    Image attribution tooltip
    metamorworks via Getty Images
    Image attribution tooltip

    Shifting accounting norms for the AI age: EY

    The rise of AI in the accounting space could bolster the need for core financial skills and expertise, EY’s Daren Campbell says.

  • The ADM logo is seen on the company's headquarters building.
    Image attribution tooltip
    Courtesy of ADM
    Image attribution tooltip

    ADM’s suspended CFO to resign amid accounting scandal

    Vikram Luthar — who was placed on a forced leave in January — will assist the company and be paid his base salary until his resignation is effective on Sept. 30.

  • Kona Bicycles
    Image attribution tooltip
    Retrieved from Kona Bicycles.
    Image attribution tooltip

    PE-backed Kent Outdoors seats new CFO, hunts for Kona Bicycles buyer

    Rob Otto is joining the Salt Lake City, Utah-based company as it puts a beloved mountain bike maker on the block and pivots to focus on water sports.

  • A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Big Six tech firms’ profit momentum could be headed for collapse: UBS

    The companies’ growth in earnings per share is projected to drop to 15.5% by the first quarter of 2025, from an estimated 42.2% for the same period in Q1 2024.

  • The front of the agency headquarters, reading "United States Security and Exchange Commission" and the number 450 as a man walks in a glass door at the bottom left of the frame.
    Image attribution tooltip
    Mark Wilson/Newsmakers via Getty Images
    Image attribution tooltip

    High Court ruling eases blow of SEC’s new cyber rules: analysts

    The court’s decision in Macquarie Infrastructure Corp. v. Moab Partners makes it harder for plaintiffs to bring claims based on omissions in SEC filings.

  • DOJ voluntary self-disclosure pilot program
    Image attribution tooltip
    Bo Shen via Getty Images
    Image attribution tooltip

    HeadSpin founder Lachwani sentenced to 18 months in prison for fraud

    The former CEO of HeadSpin — ordered to pay a $1 million fine — faces a July hearing focused on compensating bilked investors.

  • Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    Microsoft raises business application suite prices as Copilot permeates Dynamics 365

    The tech giant updated terms on its CRM and ERP solutions for the first time in more than five years.

  • Shot of National Express Bus
    Image attribution tooltip
    Courtesy of Mobico Group
    Image attribution tooltip

    Mobico CFO steps down following delayed financial results

    The public transport company appointed an interim CFO after reporting a 36% drop in profit, impacted by inflationary pressures and labor shortages in key markets.  

  • New Beginnings in NYC Downtown. Huge cranes on ground zero site.
    Image attribution tooltip
    LeoPatrizi via Getty Images
    Image attribution tooltip

    CFOs forecast stronger economy amid stubborn inflation: ACCA, IMA survey

    Top financial executives across North America ranked inflation as their top “risk priority,” ACCA and IMA found in a survey.

  • Close up of circuit board
    Image attribution tooltip
    SweetBunFactory via Getty Images
    Image attribution tooltip

    Jabil CFO steps up as CEO is placed on paid leave

    The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.

  • spreadsheet
    Image attribution tooltip
    rgbdigital via Getty Images
    Image attribution tooltip

    Controllers hunt for workarounds to ‘continuous’ reporting, accountant shortage

    As leaders of their firms’ accounting operations, many controllers are outsourcing work and using AI to speed accounts payable and receivable tasks.

  • DOJ voluntary self-disclosure pilot program
    Image attribution tooltip
    Bo Shen via Getty Images
    Image attribution tooltip

    CEOs, CFOs can’t get non-prosecution agreement under DOJ pilot

    Criteria released by the Department of Justice April 15 lets corporate executives know if they stand a good chance of avoiding charges for coming forward with misconduct allegations.

  • Programming scripts on laptop monitor, unauthorized remote hacking of server
    Image attribution tooltip
    Motortion via Getty Images
    Image attribution tooltip

    NSA sounds alarm on AI’s cybersecurity risks

    Malicious actors on the hunt for sensitive data or intellectual property may be attracted to attack vectors unique to artificial intelligence, the NSA warned.

  • Shot of Google's NYC headquarters
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    Google to restructure finance team ahead of AI push: Reports

    The restructuring is the latest round of layoffs by Alphabet as the company looks to funnel more than $100 billion into AI projects.

  • Close up on a file tab with the word invoice and a note where it is handwritten unpaid with blur effect. Concept image for illustration of unpaid invoices recovery.
    Image attribution tooltip
    Getty Images via Getty Images
    Image attribution tooltip

    Accounts receivable automator Versapay taps new CFO

    Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.

  • Image shows a spinal medical device.
    Image attribution tooltip
    Courtesy of Orthofix
    Image attribution tooltip

    Orthofix replaces fired CLO, grapples with internal control ‘material weakness’

    The new chief legal officer is joining the company as it faces a fresh set of headwinds related to its internal control over financial reports.

  • IRS Commissioner Daniel Werfel.
    Image attribution tooltip
    Alex Wong via Getty Images
    Image attribution tooltip

    Werfel sees IRS budget request yielding $341B in extra revenue

    The IRS chief testified to a Senate committee after Republican lawmakers secured a $20-billion cut to the agency’s budget.

  • Computer keyboard with key marked "insurance."
    Image attribution tooltip
    sodafish via Getty Images
    Image attribution tooltip

    Cyber insurance gaps stick firms with millions in uncovered losses

    An analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.

  • Businessman calculating expenses
    Image attribution tooltip
    ridvan_celik via Getty Images
    Image attribution tooltip

    CFOs worry over rising operations cost: Grant Thornton

    Finance chiefs are banking on GenAI to offset cost pressures in the face of persistent inflation, with 71% of CFOs still expecting a jump in net profit.

  • Header image for "Fed Shows Resolve to Hit 2% Inflation Goal, Raises Rates Again"
    Image attribution tooltip
    Getty Images via Getty Images
    Image attribution tooltip

    Powell: Inflation data deny Fed ‘greater confidence’ needed to cut rates

    The Fed chair is just one of many policymakers who, in the face of persistent price pressures, has voiced no urgency in reducing borrowing costs.